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to prevent the country from going over the fiscal cliff. the house and senate convened for a rare sunday session but no deal yet. senate minority leader mitch is talking with joe biden to come up with a solution. if nothing is resolved by midnight tonight tax rates for all americans will increase. >> going to work with whoever. whoever can help. there ask no single issue that remains an impossible sticking point. >> if everyone is sincere in i saying they want the middle class to be protected, we can get a deal here. >> if congress doesn't immediate the midnight deadline lawmakers will have a grace period. so far the irs has not told employers to change the amount of income taxes they withhold from employees paychecks. with all the focus on the fiscal cliff. leaders from the house and senate agricultural committees agreed to a one-year extension of the expiring u.s. farm bill. so far there is no house vote scheduled. without passage of the bill milk prices could double. a gallon of milk could go up to $8 a gallon. >>> three people are recovering after a car crashed into a funeral home. p
cliff. they rejected house speaker john boehner's plan "b" and they say it will not be reached until they match spending cuts. they will raise taxes on the wealthiest americans. >> we will go over the cliff because it is what the president wants. >> we will present a tax hike on middle-class americans... >> without a deal spending cuts will take affect in the new year and economists warn it could lead to a recession and big jump in unemployment. >>> and before the end of the year, right now homeowners do not have to pay tax on a portion of the mortgage short sale or principal reduction, in authority sale, they could soon own income tax on part of what they had to pay. >>> officers are looking for and they say he killed his brother-in-law. he left in an orange truck and he is considered to be armed and dangerous. >>> they are banning together to find an answer to problems putting escalators out of service. there are many things that can put escalators out of service, dropped keys and change, during the first week of june, a record 28 escalators were out of service. >>> firefighters in
. >>> we are monitoring the fiscal cliff meeting there at the white house, find out if politicians can make a deal or we will go over the glitch and taxes spike and that shrinks. thank you for trusting us, we are always available on ktvu.com and ktvu mobile.com. send comments to comments@captioncolorado.com captions by terry james, caption colorado, llc. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included,
a deal to avoid the fiscal cliff. he rejected house speaker john boehner's plan "b" on thursday and will not support him let's on -- limits on government borrowing. the president said any deal must include raising taxes on the wealthiest americans. >> we will go over the cliff now because it is what the president wants. >> we will prey vend a tax hike. >> without a deal spending cuts and budget cuts will take affect and it could lead to another jump in unemployment. >>> they will be spending christmas in the hospital. in south africa, nelson mandela has been in the hospital since the beginning of the month. they have no plans to release him any time soon. he was originally taken to the hospital for gaul stones. >>> and for george hw bush, he might be able to go home for christmas but then they changed their mind. former former president bush bush has been receiving therapy and they say he will make a full recovery. >>> let's go to ktvu channel 2 morning news' janine de la vega, she is live at the scene and will give us details, jeanine? >>> we are right at the los gatos border a
effort to avoid that fiscal cliff. the president returned early from his hawaii vacation. house speaker john boehner has called members of the house back to washington. >>> members of the northeast are still dealing with the aftermath because of a powerful storm. the deaths of more than a disease people in several states are now being blamed on that storm. >>> today state senator jerry hill will introduce a bill he hopes will cut the number of drunk drivers on the roads. he wants to acquire drunk driving offenders to install drunk driving equipment in their car after their second offense. more than a quarter of all drunk driving convictions are for repeat offenders. >>> the california highway patrol is out checking for people celebrating the new years holiday a little too much. they operated a dui check point last night and early this morning. they seldom make a drunk driving arrest at check points. state officials say nearly one- third of all fatal accidents are drunk driving related. >>> the agency is offering free rides to celebrate its 100th year in service. passengers can ride buse
does the deadline for the so- called fiscal cliff and tonight a new development. house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back at work. >> at the very least let's agree right now on what we already agree on. >> reporter: an olive branch to the gop and carrot to corporate giants, including the bay area's google and apple. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loop holes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are concerned because they're not sure the extent to which exemptions would be eliminated. >> reporter: wells ca
of the focus on the fiscal cliff, a new bill to prevent the so-called dairy cliff is also in play today. the house is expected to vote on a one-year extension of the expiring u.s. farm bill. leaders from the house and senate agricultural committees have already agreed to the bill. if it's not passed, milk prices could double up to $8 a gallon. >>> a number of new laws are ahead for the new year, including one in alameda county that claims to keep plastic bags out of the hands of shoppers. new at noon, brian flores is live with a new bag ban and reaction from residents and a store manager. >> reporter: hi, david. plastic bags could be a thing of the past. starting tomorrow, shoppers are urged to bring in their own reusable bags or will be charged for each paper bag they use. >> happy new year. >> reporter: with the new year comes new laws for shoppers in alameda county. starting tomorrow, customers will need to bring in their own reusable bag. or if they forget, they will need to shell out 10 cents per bag. >> i don't think it will hurt my pocketbook. hopefully it will remind me to bring
the so called fiscal cliff. the president arrived in washington today cutting short his hawaii vacation. he called congressional leaders last night and today house speaker john boehner said the house will convene on sunday leaving less than 48 hours to come up with a deal. >> it's the count down to midnight. the start of a new year. but this year president, the american people are waiting for the ball to drop but it's not going a good drop. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> off the senate floor, mitch mcconnell appears to be more flexible. the senator sent an e-mail suggesting he's negotiating an acceptable deal with the white house. >>> stocks rebounded today on news that the house would reconvene on the fiscal cliff after diving more than 150 points the dow bounced back to lose only 18 points. it was the fourth straight day of losses. >> i don't know there's a word to describe how -- the public is going to be. >> why california is going to take an extra hit if we go o
hours from right now the u.s. economy will go over the fiscal cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight east coast time income tax rates will go up for all americans. coming up at 5:15 the two men leading the last minute negotiations. >>> the chp is trying to figure out what led up to a crash that killed a motorcycle rider in concord last night. it happened just before 6:30 on kicker pass road. the chp says no other cars were involved and it's unclear why the driver lost control. >>> three people are recovering after a crash after a car crashed into a concord funeral home. it happened yesterday afternoon at the we met brothers concord funeral chop ill on clayton road. it appears two teens were racing when they lost control and crashed their car into the building. the teens were taken to the hospital with serious injuries. a 66-year-old man who was inside the building has a broken leg. police interviewed a second driver that may have been racing the teens but have no arrests yet. >>> police officers are o
to the white house for a last ditch effort to stop the economy from going over the fiscal cliff. >>> the highway patrol and local law enforcement agencies will be cracking down on drunk drivers this holiday weekend. there will if more patrols and extra dui check points all over the bay area. >>> a vehicle trying to elude the chp broadsided a car full of people. christien kafton is live at golf links road. christien. >> reporter: this accident happened around 11:20 last night. you can still see that accident investigators are still here on the scene. about an hour or so ago they were driving over this hill trying to recreate the view the driver of that silver bmw may have seen moments before this accident. there was also a black lincoln that was involved in this accident. and investigators are telling us that bmw you saw a moment ago was actually trying to run away from the cops. california highway patrol tells us this all started as a regular or routine traffic stop. the driver of that bmw had been spotted speeding. the chp had the car pulled over at 90th avenue and bancroft. of
from both parties to the white house today as a last ditch effort to avoid the fiscal cliff. he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the waterfront and down market street and drivers are always advised to expect delays. >> peeking of, we haven't really seen any this morning. let's go to tara and see if that changed. >> no, the same story. maybe a lot of folks headed up to the tahoe area. maybe they already left as a matter of fact because the skiing is going to be pretty good up there. right now i want to show you my maps so you can see exactly what i'm talking about up here. the roadways are completely clear and in livermore the same story. overall a very
prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the american people. we've been reasonable and respondent. the president is the 1 who's never been able to get to yes. >> what i ran on and what the american people elected me to do was to put fourth a balanced a
of that looming fiscal cliff. 15 hours from right now the u.s. economy will go over that cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight, east coast time, income tax rates will go up for all americans. coming up at 6:15 the new numbers that are being thrown around this morning. >>> it is 6:07. starting tomorrow alameda county grocery stores and most other stores that sell food or alcohol cannot distribute plastic bags to their customers. in place of the single use bags stores are allowed to use paper or reusable bags but they have to charge at least a dime for each bag. customers are being encouraged to bring their own bags when shopping. restaurants can still provide plastic bags to customers. >> i'm trying to remember. >> some of the places i go they give you a discount. they give you five cents if you bring your own bag. >>> time now 6:08. tara is back to talk about your commute. you're also telling us about free rides for new years eve. >> that is right. muni is free from 8:00 tonight until 6:00 tomorrow morning.
at sutter health are at odds over staffing levels and sick days. >>> the so called fiscal cliff is a few days away and there is no deal in sight. president barack obama is in hawaii for christmas, meanwhile house speaker house speaker john boehner is also on vacation. before vacation they each made one last pitch. >> we have a tax hike on middle- class americans... >> it would still be ready as far as the eye can see and it would hurt jobs. >> if we go over the fiscal cliff, most americans will see higher taxes and most will feel the sting of harsh budget cuts. >>> holiday vandals hit a church in orange county, what has police launching an investigation . >>> coming up, alex savage would be live with more on a police investigation and it turned into a much bigger situation. >>> police say it happened near a catholic church. was swastikas -- swastikas were found in front of a priest's house. a nay safety scene has been nativity scene has been found in the past. >>> snow in the west could make for a white christmas on the east coast. snow has fallen up to a few inches in other parts of new
leaders from both parties to the white house today as a last ditch effort to avoid the fiscal cliff. president obama cut short his hawaii vacation to return to washington. coming up at 5:15 the odds they will be able to come up with a deal were january 1st. >>> the contra costa fire distribution has put together a meeting to discuss the closing of five district stations. they are in clayton, lafayette, martinez. the first meeting is on january 7th in lafayette. we have posted a list of times and locations of those meetings. >>> the brawl that caused wide spread panic in a san francisco mall led to a loss in post christmas sales for business. they ran from the mall when they heard a noise that sounded like gunshots. police arrested three people. all the commotion led to a lock down and likely kept thousands of post christmas shoppers out of the mall. there is no estimate on how much money businesses lost but analyst tell the sacramento breeze it's like -- sacramento bee it's likely a significant amount. >>> janine de la vega is live for us in cupertino this morning. one of the places
, weakness on the retail sector and worries over the fiscal cliff keeping low. s and p and nasdaq also in the red. >>> today's price report shows average home prices up more than 4% in the 20 largest markets, prices here in the san francisco bay area are up even more. prices jumped 8.9% in october compared to the same time the year before. they increased .7% froms. that bucked the national trend where values dipped compared to september. >>> today on the news at five the latest on that body found in santa rosa, also the weather remaining an issue for parts of the bay area though the storms have moved out. and a look at the trouble spots and in the sierra where a storm warning is in effect for the rest of the day and there are concerns up there about some avalanches. thank you for trusting us. we will see you the next time news breaks, also always here  at ktvu.com and mobile ktvu. have a great afternoon everybody. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed
. >>> congress and the white house have about 13 hours to find a solution to the fiscal cliff. political reporter jamie dupree joins us via skype from washington. jamie, is there any progress being made? >> reporter: there were late night and early-morning talks. the leaders spoke by telephone. the things did not work out very well between the speaker and president obama. they didn't work out too well between the senate republican leader and the senate majority leader harry reid either. reid stepped back and now mitch mcconnell, the republican leader, is negotiating director with vice president biden. some of the details referred to leaked out may be the new income threshold with taxes going up about $400,000, $450,000. there could be a number of other things. there's so many different moving parts in this. as of right now, we still don't have a final agreement. the senate is going to be in session in just a few minutes at the top of the hour. we hope to get an update from both leaders at that point in time. >> i've heard the fiscal cliff it's been more described as a fiscal cliff slope. so it's
:15 the fiscal cliff negotiations and the effort to prevent one of the largest tax increases and budget cuts in united states history. >> we are still watching the accident in napa. >> we have a lot of traffic around fifth street near downtown. the westbound lane blocked due to a two car crash. a woman was trapped inside of her car. we will take a look at the bay bridge. you can see traffic flowing nicely. 880 near the oakland coliseum we have traffic gluing well in both directions. no delays to report. in the south bay 280 at 880 split those headlines northbound traffic toward santa claire a. >> hi. we are -- taking a live look outside. showing you cloud coast mostly cloudy skies over most of the area. key headline, it's dry, we have a break in the rain for today. its been an active weather pattern over the past one to two weeks. we will look at where we stand with rain, since july 1st when the rainfall calendar starts. santa rosa over 22-inches, san jose at 7 inches, look at santa rosa. 174% of average and by tomorrow we could be tracking just a few more rain shower, nothing major but s
the fiscal cliff showed nasdaq lost 8. the market will reopen. >>> it indicates the social media giant funneled money into a sister company and the move is known as a double irish move to use the money for subsidiaries to pay lower taxes. >>> more than 92,000 people rolled the ferry to at&t park this past championship season. this is the first time they have had 92,000 or more. back in 2009 only 60,000 people rode the giant's ferry. >>> muni is getting some help for some hackathons. they are focusing their skills to help with scheduling programs. one of the most promising features shows the realtime location of buses and maps and now it is being tried out at the station. and gas prices are at its lowest with the average for regular at $3.25 per gallon. and it is more than a dime cheaper in san jose and almost down a dollar 20 from last year. >>> many bought a ticket worth $23 million. the ticket had all five numbers and was sold at sunshine center at pharmacy in south san francisco. that store will receive $115,000 for selling the winning ticket. >>> the rain is gone but concerns are n
wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before. we are gonna now because that's what the president wants. >> reporter: house speaker john boehner failed to get enough vote for his plan b on thursday. that would have raised taxes on people making more than a million dollars a year. on friday, they left town with no deal. >> i've asked leaders of congress to work toward a package that prevent as tax hike on middle-class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal consequential act of irresponsible in a long time --er responsibility. >> reporter: president obama is in hawaii. he says he will cut his vacation short to try to hammer out a deal. the deadline a week away. >
but those are expected to be good. trading volume is still light but the fiscal cliff deadline still approaches. >>> she saved two girls and now some positive news for the hero dog, how her health has improved. >>> and more from the tsunami, the washington shore and we have some concerns about it. >>> and you will wake up while you were sleeping it was sent straight to you and you can get your morning wake-up call by texting 70123. . >>> well check out this boat, it is believed to have washed out to sea during the japanese tsunami. it washed ashore and crabs and mussels also showed up and it's concerned it could hurt native species. they will contact the consulate and they will find out if the owner still wants to claim it. >>> survivors held prayer services across thailand to remember the victims of the earthquake and tsunami. tsunamis tore through 14 countries and 20 14,000 people have lost their lives. >>> it has become a huge shopping day similar to black friday here in the united states. and the malls in england and canada are already packed with shoppers. it is a national shopp
the bill should not be stopped by the fiscal cliff. speaker john boehner has not decided whether to consider the bill before the current house session ends on january 3rd. >>> more than 100,000 people are still sitting in the dark and cold in arkansas tonight. 130,000 homes and businesses are without power after a christmas day blizzard from more than 15-inches of snow to the state. utility crews are working around the clock. some areas may not get the lights back on until the new year. >>> it's cold and gray out there, dark any way. >> already, we're tracking a few more rain showers with the radar right now. that trend will continue over the next few hours on live storm tracker 2. we'll take a closer look right now. a closer inspection. there we go at the live doppler sweeps. you see the south bay, reports of light rain moving into the san mateo county coastline also into pacifica. as you can see for this part of the region and checking more activity coming up. let me reset this for you. come in a little tighter once again. the light rain does the light green does translate to r
5 days to go. with the fiscal cliff hanging in the distance, how the focus of the discussion is starting to shift. in today's cover story, the housing market is gaining momentum. what first-time buyers need to know about getting in the game. plus, the grinch who stole sales. why holiday shopping took a hit this year. and, movie madness. ticket sales are on track for a record year. our critic tells us what's worth your watch. that's all ahead on today's first business. you're watching first business: financial news, analysis, and today's investment ideas. good morning everyone. it's thursday, december 27th. i'm chuck coppola. angela miles has the day off. in today's first look: a massive storm hits the northeast - again. this time with an icy slap of snow, freezing rain and strong winds. it already took its toll on the southern plains and deep south. creative acccounting at the federal level. with the u.s. expected to reach its $16.4- trillion debt ceiling before the end of the year, the treasury department will undertake acccounting manuvers to create $200 billion in what tre
on wednesday in hopes of coming up with an agreement for the fiscal cliff. >> reporter: some republican lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were going to go over the cliff before, we're going to go over the cliff now because that's what the president wants. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: that would raise taxes on people making more than $200,000 a year. each making a parting pitch. >> i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, prevents unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential
for the fiscal cliff is just one week away. they are waiting for a small patch rather than a large fix. president barack obama is on vacation and so is house speaker john boehner and there is no agreement and if we go over the cliff, most americans will see higher taxes. >>> a police woman shot and killed an american security adviser. it happened inside the heavily guarded area. the shooting appears to be an insider attack and authorities say this is the first such attack by a woman and was arrested by afghan police. >>> they are dealing with the rising number of homicides and one city now is also known for its violence. police say 18 people have been killed so far which is down from 43 years ago. the city declared a state of emergency after a deadly summer in 2005. >>> they plan on conduct being several checkpoints from hours from now. they canceled one in fremont and drunk driving is made worse when there are heavy rains like the ones we had over the weekend. they were just three from the same timeframe when skies are clear. >>> roads have been pretty clear and we are just getting a new report
on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way means the folks you sent to washington have to do their jobs. >> the president said congress must meet the new year's deadline and pass a balanced plan. >> the president's proposal to raise taxes on the top 2% won't even pay one third of the interest that's owed on this 16 trillon dollar debt. >> ouri senator gave the gop address saying the president's tax hike would only fund the government for eight days. >> here is what could happen if no deal is reached. out of work americans will loose their extended benefits, california would be hit the hardest, 400,000 will loose benefits and the bay area will certainly feel the sting, more than 22,000 people in alameda and contra costa coul
the fiscal cliff. both houses of congress will reconvene today. the senate is expected to work two hours from now. while president obama wants a tax increase for those earning $250,000 there is a proposal on the table that raises that income threshold to $400,000. >> i think we need a deal. we should do a deal. if lindsey and i could sit down we will put that together. i think the leadership is now working. >> republicans hope to raise the income threshold to $400,000 and keep state taxes low. if the parties can't agree, presidt oba -- [lost audio] >>> and parts of ohio the latest storm comes days after the region's were hit by another storm which is being blamed for add least 16th deaths. the national weather service is expecting up to a foot of new storm. officials have lowered the speed limit on the pennsylvania term pike. boston's mayor announced a snow emergency in parts of the city. they worked for hours to keep the area clear. despite heavy snow and dangerous driving conditions patriot fans braved the elements. >>> meanwhile before what was supposed to be a fun outing in southern calif
Search Results 0 to 26 of about 27